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127 days

U.S. crude oil rises more than 1% after Trump exempts key tech products from tariffs

1. U.S. crude oil rose 1.46% to $62.40 per barrel. 2. Trump's tariff exemptions support oil prices amid recession fears. 3. Negotiations with Iran may affect oil exports and prices. 4. Goldman Sachs predicts lower oil prices through the year.

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FAQ

Why Neutral?

While crude prices rose, overall fears of recession and lower forecasts could negate gains.

How important is it?

The article discusses factors influencing oil prices, which directly impact BNO as an oil ETF.

Why Short Term?

Immediate fluctuations are expected due to current negotiations and tariff impacts.

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